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Commercial building - Aglantzia, Nicosia

Nicosia - Ref. PR12346

700.000

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  • 262 m2
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Location
  • Land: 697 m2
  • Air Conditioning
  • Storage room

Property description & location

Ground floor building in the heart of Aglantzia Municipality, located 20 meters south of ‘‘METRO’’ supermarket and just 2km west of University of Cyprus. The building was constructed 20 years ago and it is kept in a good maintenance level.

On the ground floor there are two shops, a mezzanine level and basement. The enclosed area is 262sqm, the mezzanine is 135 sqm and the basement is 260sqm. The building is currently rented long term, with a good return.

It is noted that based on an architectural study that has been carried out, there is inexhaustible building density which allows the construction of two additional floors on the existing building.

The above price might be subject to VAT.

The closing time for the Submission Period of tenders is 10:00 a.m. on every Tuesday morning, as stated in paragraph 7.10 of the Tender Form and section 4 of the Legal Notice.

All planning particulars or other features of the property must be checked with the relevant authorities. Altamira Asset Management Cyprus Ltd is not bound to accept the highest or any other offer submitted. The above price may be reviewed without any prior notice.

Deadline 25 August 2020

Deadline 25 August 2020


The property is rented


District: Nicosia

Municipality: Aglantzia

Characteristics

Mezzanine: 135 m2

Year built: 1980

Title deed: The property has a separate title deed

Land Registry Information

Registration number Sheet/Plan Block Parcel Number
2/2761 21/55E2 2 2656
  • Planning zone: Κα4
  • Building Coefficient: 1,2;1,2
  • Coverage Coefficient: 0,5;0,7
  • Maximum Floors Allowed: 3;3
  • Maximum Building Height: 11,3;11,3 m

Tender Form

The Tenderers may submit their Tenders within seven (7) calendar days from the publication date displayed on https://www.altamirarealestate.com.cy/ (hereinafter "Altamira Website"). In the case where it is decided that the period of seven (7) calendar days is not sufficient, the period may be extended by an announcement to that effect on Altamira Website as indicated above within the Tender Form Section of each property. Following the expiration of the submission period, if no Tender has been submitted, the property will remain on Altamira Website and the submission period shall be extended on a weekly basis. Otherwise, in the case where a Tender has been received, the property will be removed from Altamira Website.

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Additional information

Reference

PR12346

Property owner

COOPERATIVE ASSET MANAGEMENT COMPANY LTD

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